Tag: Congress

— 48 items —

The Supremes and Sarbanes-Oxley…
December 8, 2009—Yesterday, we took a break from our normal trawl through the filings to cozy up with the transcript from the arguments before the Supreme Court over whether the Public Company Accounting Board (PCAOB), which was created under Sarbanes-Oxley, has a right to exist. The arguments in ...

It’s time for Congress to start reading some proxy statements!
October 14, 2009—As we all know now, the Senate Finance Committee passed healthcare legislation yesterday. Of course, as this Bloomberg story points out, there's still a long way to go. One of the many things that has been amusing during this whole debate has been resistance ...

The Senate takes on hedge funds…
July 16, 2009—Yesterday afternoon, we listened in on the Senate Banking Committee's hearing on additional regulation for hedge funds and other forms of private investment, like venture capital. Which seems like a fairly important topic, given some of the grand-standing we've seen in the not-too-distant ...

Mastercard says see no evil…
May 20, 2009—Yesterday, the Senate passed by a vote of 90-5 what has been described by the WSJ and others as sweeping restrictions on the credit card industry. Given how this wasn't really that big of a surprise and given how the House is expected ...

GAO report slams Chris Cox…
May 6, 2009—This morning, there's several reports out about a Government Accountability Office report that doesn't look too kindly on former SEC Chairman Chris Cox. Although I've only just received the 64-page report (.PDF), which was requested last year by Rhode Island Senator Jack ...

Penny pinching at Ford?
March 26, 2009—Remember last November, when the auto companies— CEOs flew in their corporate jets to beg the Senate Banking Committee for a taxpayer-funded bailout? After that public relations fiasco, the CEOs assumed contrite tones, assured Americans that they —got it, and promised to start running their ...

Peanut butter in the filings…
February 11, 2009—Right about now, a subcommittee of the House Energy & Commerce Committee is holding a hearing on how the peanut butter salmonella crisis has spun so out of control. It's been nearly a month since the FDA announced its recall and ...

Consol Energy’s gift of coal for the holidays…
December 8, 2008—Sure, it's the holiday season, but judging by this 8K that Consol Energy (CNX) filed on Friday afternoon, there's going to be some disappointed people in Washington D.C. this holiday season. And the fact that it's a coal company doing this seems ironic indeed. That's ...

Odds and ends…
November 20, 2008—Lots of stuff going on today, so rather than a regular post, here's some things worth paying attention to: House agriculture hearing (which I'm listening in on right now) on credit default swaps. This is a follow-up to last month's hearing. Among those testifying ...

Live blogging hedge fund hearing!
November 13, 2008—Today's main event -- the fifth in a series of hearings examining the market meltdown -- is likely to be a lively hearing featuring five top hedge fund managers and a group of professors, among them former SEC Chairman David Ruder. The ...